Guido understands an email went out to Guardian staff yesterday informing them that there is to be a ‘management restructuring’.. to achieve ‘a renewed focus on protecting and developing our print revenue’. Managing the decline might be more accurate.

Guido’s source thinks this is Rusbridger and the controlling clique on the board realising he’s spent shedloads too much on his over-staffed online folie de grandeur and presages a shift back to basics – the dead tree edition of the Guardian still brings in 75% of the revenue. For now…

UPDATE: Meanwhile the Guardian‘s head of media has been analysing the lads’ mag market.

Nuts down 21%, FHM down 21%, Zoo off 15%…only a matter of time before the lads mags die off. Men's Health easily the market leader.

If he’s using that logic for Nuts and co., he might want to have a look at the figures showing his own paper’s decline. In June the Guardian sold 211,911 copies, a 17.5% drop year-on-year. Things are not all fine and Dandy…

Quote of the Day

Chuka Umunna on Seumas Milne re Russia:

“Have read the comments of the Leader of the Opposition’s spokesperson. Mr Milne’s comments do not represent the views of the majority of our voters, members or MPs. We’ll get abuse for saying so but where British lives have been put at risk it is important to be clear about this.”